This form is a sample letter in Word format covering the subject matter of the title of the form.
Judgment Against Property For Debt In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-0025LTR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
The short answer is yes, but it's not always easy or common for a judgment creditor to take your car. If a creditor sues you and wins, they can request a judgment lien against your property, including your car.
The judgment debtor may have exemptions under State and federal law that are in addition to those listed on the form for the debtor's statement that is included with the notice, such as Social Security benefits, unemployment benefits, workers' compensation benefits, and earnings for the debtor's personal services ...
Personal property exemptions. The personal property of any resident of this State, to a value fixed by the General Assembly but not less than $500, to be selected by the resident, is exempted from sale under execution or other final process of any court, issued for the collection of any debt.
NORTH CAROLINA A judgment is a lien on real property for ten years from the entry date. N.C. Gen. Stat. § 1-234.
What kind of property is subject to a judgment lien under North Carolina law? In every state, a judgment lien can be attached to the debtor's real estate -- meaning a house, condo, land, or similar kind of property interest.
There is, first of all, the judgment of the world; there is, secondly, the judgment of self; and then finally there is the judgment of God. Paul, in the Scripture, says this in verse three of chapter four “with me it is a very small thing that I should be judged of you or of man's judgment.” Now every one of us judges.
A judgment generally operates to settle finally and authoritatively matters in dispute before a court. Judgments may be classified as in personam, in rem, or quasi in rem.
Before final judgment begins there are 1) the earthly judgments (Flood, , Exile, etc.) in the Old Testament, 2) the saving judgment of the cross (John ; ), and 3) the judgment in an individual's life when they accept or reject the gospel (John , 19; ; ).
Judgment is a court decision that settles a dispute between two parties by determining the rights and obligations of each party. Judgments are classified as in personam, in rem, or quasi in rem. Judgments are usually monetary, but can also be non-monetary, and are legally enforceable.
More info
A judgment lien arises when a court rules you owe a debt, allowing the creditor to claim your nonexempt property until the debt is paid. Find more information about outstanding liens (mechanics liens) and judgments.Contact the Clerk of Court's office in the courthouse at . 1) You will no longer have to make payments on the debt unless you get new property or the property you have increases in value beyond the exemption amount. If you're facing a default judgment, an attorney may be able to help you explore your options. You can check a box and fill in the information on the line next to the box. The creditor's attorney records that judgment and can start seizing your non-exempt assets. Don't get caught with your head in the sand. Upon service, the judgment debtor has the right to file a MOTION TO CLAIM EXEMPT PROPERTY. If the exemptions apply to you and your personal property, there is nothing the judgment creditor can legally take from you.
